Oregon plans to give 30,000 to new home buyers if they illegally enter the country. California plans to give 150,000 ]to illegal aliens who want to buy a home, and they will get a zero-percent loan. Meanwhile, only about 10% of Americans can afford a home.
According to a Wall Street Journal/NORC poll of 1,502 U.S. adults, only 10% of those surveyed in a new poll said the “American dream” of homeownership is affordable. Others cited 40-year-high inflationary costs, 23-year-high interest rates, a limited supply of affordable housing, and earnings that have eroded because of inflation.
People felt the same regardless of gender or party. Young Americans expressed the greatest hopelessness. They say they’ve “been priced out of homeownership.” They’re saddled with college debt.
“While 89% of respondents said owning a home is either essential or important to their vision of the future, only 10% said homeownership is easy or somewhat easy to achieve,” the Journal reported.
“Financial security and a comfortable retirement were similarly labeled as essential or important by 96% and 95% of people, respectively, but rated as easy or somewhat easy to pull off by only 9% and 8%.”
Twelve years ago, in a different survey, more than half of 2,500 polled said the American dream of homeownership “still holds true.” That is no longer the case, the Journal notes.
After 12 of 16 years under Democrat rule, the American Dream is gone.
The National Association of Home Builders (NAHB) says the latest estimates show that, nationally, 103.5 million households are already unable to afford the median-priced ($495,750) new home with a mortgage interest rate of 6.5%.
Bidenomics
86% of Americans who do not own their home would like to buy, but can’t afford it — and more than half of them say it’s unlikely they’ll ever be able to do so.
— Wall Street Silver (@WallStreetSilv) July 29, 2024
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People, you have to protest and show some fight, or Just like Back in the School Yard you
ll get it Worse! There is a worse problem, as if that can even be possible, but it is; because US housing has been bought by big Hedge Funds and Corporations for Collateral in their Derivatives Packages ( you should not have bailed them out in 2008) and to Monopolize the Housing Market.I see homes in my area that went for 30/40k in my Youth now going for $300,000, or so, and the wages are flat by comparison. This is why the homeless crisis exists. Rents are over $1200. -1500mo. and thats half, or so, of a workers salary in my area. So , giving illegals downpayments , then letting them live 20 to a house to pay the mortgage is abuse of the Illegals, truthfuly. However, the fact that they will not give “anything” to US citizens is an Insult that should have Ignited a Revolution. Housing is a Necessity, not a Luxury.
Criminals running our country. They are traitors that need to be throw in jail for 20 years. Merrick Garland and Anthony Fauci need life in prison. Dispicable criminals.
And, since California does not have that kind of money to give away, guess who will be asked to foot the bill?
How long have they been doing it? Did any of you figure that pehaps, they understand the value of their printing press? I have been hearing the US government is going bankrupt since I was a Kid. They never do. Why? I recall the TRILLIONS and TRILLIONS they gave the bankers and not a drop of inflation!
See, When you win the Great World War, and conquer all the powers that destroyed themselves( Germany, France, Britain, Russia) then there is nobody left to challenge your Currency. You have nuclear weapons. You rule the world. Who is going to argue with the 900-lb nuclear gorilla. Really. You should really all think about it; because USD is the glue that keeps the global economy running. Without the USD it all comes tumbling down. Everyone knowis it so nobody will do it. Translation … They Can Print anything they Choose. You all have faith in their dollar.
Stolen elections and apathetic citizens have consequences.
Who cares? It’s just a country. No biggie.